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Ageas Federal Life Insurance Benefits

Ageas Federal Life Insurance (formerly IDBI Federal Life Insurance Co Ltd.) is a joint venture between Ageas and Federal Bank. The company started its operation in 2008 by selling its first policy in March 2008 and it is ranked in top 10 most trusted life insurance brands in India by ET- Brand Equity Study. The company has a lot of benefits for their clients. Let us discuss all the benefits of Ageas Life insurance in detail.

Ageas Federal Life Insurance Benefits

Here are some of the benefits of Ageas Federal Life Insurance policies:

  • Varied of Products:
    • Ageas Federal Life Insurance has a presence all over the country and the company provides policies for every strata of the society. The plans provided by the company reflect this as policies are catering to various problems.
  • Customer-Centric Service:
    • Ageas Federal Life Insurance has a very customer-friendly approach and their services are centred around the practice of giving the customer a better experience.
  • High Claims Settlement Ratio:
    • Ageas Federal Life Insurance has one of the best Claim Settlement Ratios in the country. The claims settlement ratio of Ageas Federal for the financial year 2019-20 was 96.47%.
  • Online Renewal of Policies:
    • Ageas Federal Life Insurance provides an online route to renew the policies. There is the traditional offline route of offline payment which is done by paying through your advisor, paying at the branch, and paying at the Common Service Centre outlet. The online mode has a lot of options which include card payment, InstaPay, Online Wallets, UPI, and Cash Card.
  • Easy Renewal, Premium Payment, and Claims Process:
    • Ageas Federal Life Insurance has designed each of its processes to be very easy to understand and clearly demarcated so that it can be performed by anyone with ease.

Conclusion

Ageas federal life insurance ranking is good as it comes under the Top 10 Most Trusted Life insurance brands in India as per ET-Brand Equity Study. There are various benefits of Ageas federal insurance but choosing a plan completely depends on the personal needs of an individual.

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User Reviews

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63 User reviews
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What users are saying
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  • Recommended Services

    I am happy to have purchased the Ageas Life Insurance Plan from InsuranceDekho. My experience with the company was great. I recommended Insurancedekho to all my family and friends for buying a life insurance policy. My acknowledgment to the customer support care representative for working 24 hours daily.

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    M
    Ageas Federal
    By Manjeet Singh
    On: Jan 08, 2024
  • Digital process

    I bought the Ageas Federal Secured Income plan from InsuranceDekho through a digital mode. I opted for a digital mode because I wanted to buy the Ageas Federal Secured Income plan from the comfort of my home.

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    P
    Ageas Federal
    By Prakhar Raj
    On: Nov 02, 2022
  • I got personalised advice at h...

    I got personalised advice at home when I was buying the Ageas Federal Secured Income plan from InsuranceDekho. The team of InsuranceDekho made a visit to my home and helped me select a good life insurance plan.

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    D
    Ageas Federal
    By Deepali Jain
    On: Oct 13, 2022
  • Best life insurance plan

    I was looking for a good investment tool and then I got to know about the different life insurance plans available on InsuranceDekho. So, on my friend’s suggestion, I bought the Ageas Federal Secured Income plan from InsuranceDekho. 

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    K
    Ageas Federal
    By Kavita Ahuja
    On: Sep 26, 2022
  • I was able to customise the pl...

    Another good thing about buying the Ageas Federal Secured Income plan from InsuranceDekho was that I was able to cutsomsie the plan according to my needs. I was also able to add riders accordingly and buy a perfect life plan from InsuranceDekho.

    Read More

    D
    Ageas Federal
    By Divya Jaiswal
    On: Sep 21, 2022
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Claim Process at Ageas Federal Life Insurance

  • 1

    Claim Intimation

    In the event of the death of the life assured, the insurance company should be intimated as early as possible.
  • 2

    Submission of Documents

    For easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
  • 3

    Claim Evaluation

    After successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.

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FAQs

  • How many online plans are offered by Ageas Federal Life Insurance and where to purchase those?

    There are 7 online plans offered by Ageas Federal Life Insurance that can be purchased from the official website. The online plans are Life Advantage Plus Plan, MyLife Protection Plan, Heart & Cancer Shield Plan, Guaranteed Income Plan, Wealth Gain Insurance Plan, Wealthsurance Growth Insurance Plan SP, and Guaranteed Wealth Plan. 

  • What is the Claim Settlement Ratio of Ageas Federal Life Insurance?

    Ageas Federal Life Insurance’s Claim Settlement Ratio for the FY 2019-20 was 96.47%. 

  • What is the extent of the network of Ageas Federal Life Insurance?

    Ageas Federal Life Insurance has a vast network which involves 3,000 branches throughout India. 

  • What is unique about Ageas Federal Life Insurance company's way of doing operations?

    Ageas Federal Life Insurance believes in not only taking care of its clients or customers but also their employees and not only they have been awarded top 10 trusted brands but also one of the best places to work awards.

  • What are the different kinds of plans on offer from Ageas Federal Life Insurance?

    Ageas Federal Life Insurance has a varied range of plans which include the savings, term insurance, health, child, retirement, ULIP, and group insurance plans. 

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